Miami Beach, Florida – Net Lease Properties information for the morning is on a premier Tenant, Publix Grocery Store. Some of the excellent Net Lease Properties tenants are Walgreen’s, CVS, McDonald’s, Kroger and Publix. Reports have come about on a Net Lease Property in which a Publix Supermarket has commeced breaking ground in West Kendall. West Kendall is a growing suburb that is west of Miami, Florida. Publix Supermarkets had signed a net lease sometime in 2010 for approximately 28,899 square feet.
The Net leased property, Market Square Retail Shopping Center, should have Publix Supermarket prepared to open in November or December of this year. The net lease property, Publix Supermarket will be the newest retail shopping center’s Tenant and will be the largest tenant. The Publix Net Leased Property will be situated on a seven-acre parcel. This NNN Commercial Real Estate development is positioned in the heart of southwest Dade County. The Publix Net Leased Property sits just east of the busy Florida Turnpike, in West Kendall.
This net leased retail shopping center is surrounded by about 440,000 people within a five mile radius. The Publix Net Leased Property sits at the southwest corner of SW 104th Street and 117th Avenue. Another standing point is that the Publix Net Leased Property sits across from the Miami – Dade College main campus. There are approximately 32,000 Students, add the Faculty Members, and you have plenty of retail foot traffic to help the Florida Net Lease Properties prosper.
This Florida Net Leased Property already has a Walgreen’s Pharmacy. That Net Leased Property Tenant Walgreen’s constructed a store in the summer of 2010. The Walgreen’s net leased property consists of a building that is approximately 14,819 square feet. This has become the standard size for the majority of Walgreen’s Net Leased Properties. However as we mentioned that Miami – Dade County has limited space to build out Publix Net Lease Properties or other Grocery anchored retail shopping centers.
The Market Square Retail Shopping Center was constructed in one of the best area in South Florida for retail net leased properties. This area of West Kendall has the majority of land built out for retail net leased properties. The Publix Net Leased Property is being built in a unique architectural design to fit the space of only 28,899 square feet. We have seen a few Publix built with this smaller amount of square footage and can still be very successful. This Publix anchored Net Leased Property is also surrounded by People with a Median income of approximately $56,523.
This Florida Net Leased Property will consists of a retail shopping center with an additional 27,212 square feet of retail space. This remaining space for the Florida Net Leased Property will be distributed out over three buildings. The remaining buildings will consists of one that totals about 15,250 square feet, the second building with five retail spaces totals around 8,119 square feet, and there will be an outparcel with approximately 4,000 square feet. Many Retail Shopping Centers should try and squeeze in another net leased property with an outparcel. These remaining three structure are scheduled to be ready for a net lease Tenant in a few weeks, mid May.
The Florida Net Lease Properties are using the general contracting services of Lemartec Engineering and Construction Corporation. Lemartec Engineering and Construction Corporation has qualities that differentiates them from other construction firms. One main point is Lemartec’s in-house design department. This unique advantage benefits the Construction Corporation so they can create value for their clients by offering value engineering, cost control estimates, schedule and “constructability” analysis. Lemartec is proud of the fact that the majority of all their work comes from either repeat business form Net Lease Properties developers or referred business.
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•Stop & Shop Net Lease Property
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